Jason spencer Student Loan Relief Inc Blog

JASON SPENCER DALLAS

​Student Loan Relief, founded by Jason Spencer Dallas Texas, offers an affordable way to make your Federal Student Loan debt easier to manage. Our Alumni Financial Aid Advisors work with you to identify the best combination of Federal, State, and/or Local programs for which you qualify.

NASHVILLE, Tenn. – Student loan debt forgiveness is a hot topic these days and predatory companies are doing their best to cash in on it.
These companies call, email and post ads on social media looking for distressed borrowers who will believe the too good to be true claims. Some companies promise thousands of dollars in savings and claim they have special expertise or relationships with the Department of Education.
Student Loan Forgiveness Club (phone: 1-844-766-3462 | website: studentloanforgiveness.club) posts ads on social media targeting specific post secondary school borrowers. Students responding to the ads are immediately contacted after entering their contact information on the website. The company asks students for $600 up front or 3 payments of $200 to start the process.
BBB’s investigation determined http://ift.tt/2gePJ5g is using WhoisGuard, a company out of Panama, to hide domain registration information. BBB also found the website and Facebook pages for the company were created in January 2016.
Further investigation by BBB determined Jason Spencer, associated with the Student Loan Forgiveness Club is also identified in BBB records as CEO of Student Loan Relief. According to BBB Dallas Texas, Student Relief failed to respond to 26 complaints, most alleging the company collected fees from consumers and failed to provide services, failed to cancel services and failed to provide requested refunds resulting in an F Rating with BBB Dallas.How to AVOID a Student Loan Scam
• Never pay upfront. Real lenders will take a percentage once their service is complete. You don’t need to pay an upfront fee beforehand.
• Know your options. If you are having trouble paying your student loans, contact your lender directly. You can research programs offered by the federal government.
• Never give a 3rd party power of attorney. Don’t sign anything giving a company the power to negotiate on your behalf. A scam company can use this to take control over your loans.
• If it seems too good to be true… It probably is. Any company that claims it can erase your student loan debt in minutes isn’t being truthful. Don’t bother responding to the ad or email.Protect Yourself
According to the U.S. Department of Education, if you took out federal student loans to pay for college you never have to pay to get help managing your student loan debt; the Department of Education offers assistance for free. The Consumer Financial Protection Bureau states paying a student loan relief company money to relieve debt is not the best choice because:
• Enrollment in alternative repayment programs, like Income-Based Repayment (IBR), is available at no cost to federal student loan borrowers.
• Debt relief companies do not have the ability to negotiate with your creditors in order to obtain a “special deal” under these federal student loan programs. Payment levels under IBR and other federal income-driven repayment plans are set by federal law.
• Any claims by debt relief companies to the contrary may be misleading and potentially a violation of law.
For additional information about coping with student loan repayment problems, visit studentloanborrowerassistance.org, a helpful website resource in Spanish and English provided by the National Consumer Law Center.
Filed under: Business, Education Tagged With: better business bureau, debt forgiveness, student loan scam, student loans
​

Jason Spencer Dallas believes that college education is one of the most important investments that any young person can make in the US. To look forward for their professional future. Or it used to be. This dogma has been repeated over and over by every single piece of mainstream media over the years. And by our grandparents, our parents and even the occasional meddling uncle. But it’s been some time since education stopped being a key to first hand well-paid employment.In this time there are a lot of professionals in every single field. Competing with multiples certifications and abilities trying to outdo their competence.
And willing to work for less money than the guy next to him. Internet has brought awareness on this problem globally. Sites like Freelancer.com. and Upwork.com both social networks. offers the service of an infinite amount of credited professionals in the same place, according to Jason Spencer Dallas..
Despite this bubble reaching a breaking point in the US. The student loans keep rolling from the Federal government. Even as debtors are starting to pile up unable to make payments. Why is this happening?

The Problem is There But no One is Doing Anything About it.
Student debt is up to 1.3 billion dollars in this year alone at the hands of 42 million debtors. 4.2 million of them failed to make their payments in one way or another. This means that 1 in every 10 American college students took a loan that is unable to pay. Whose fault is this? Why a deeper background check is not made to applicants of these loans?

Lawmakers May Have a Hand in This Situation.
The average student debt is of 30.000 dollars. A 17% increment compared to last year numbers. The rise of these figures have a lot to do with nationwide decrease of local government contribution to Public Universities. This translates into higher costs for tuition. and the inability of payments to catch up to the yearly raising costs. Even at the accommodating interest rate of a Federal government loan.

The Bubble Keeps Growing.
The people unable to make student loan payments are usually those of low income. Or middle class that can’t find a place on traditional colleges. And look for the quick fix on for-profit colleges. The questionable standards of these institutions usually leave a collection of dropouts unable to continue studies anywhere. And stuck with a huge debt they can’t pay back. This contributes to the hardships of getting new credit or even a job. Since most companies will do deeper background checks on credit clients. Or to any potential employee.

Concessions are Made.
In the second term of Barack Obama. Measures where applied to help those students with heavy debt. But despise the fixed rates. and decreased monthly payments, many people still fell behind. The reality check is that most debtors work meager jobs to cover for their expenses. and they can barely make ends meet. The rise of companies that dealt with deferments. Like Jason Spencer’s Student Loan Relief . Was a good example of vultures taking pieces of a wounded animal. This brought awareness to a discussion that hasn’t faded to this day: the rise of the minimum wage.

The Plot thickens
In the present day. The Donald Trump administration has taken another set of measures that worsened the situation for people in debt. The actions taken by Barack Obama in 2015 to protect those affected by the Corinthian College Chain fiasco where dropped. And those people are now being pursued by debt collection companies again. This has caused a rift between local governments and The Federal Government. Leading to a high profile demand of 18 states to the Department of Education for dismissing the accusations of scam and fraud affecting over 215,000 people.

Reading this chronicle is discouraging to say the least. Facts prove that unless we have a million dollar idea in the back of out brain. Being able to make a living has nothing do with how hard we work. (since it’s implied we’ll have to do so). But rather with the chance of being able to survive the debt that comes with the education we need to carry on.

Jason Spencer Dallas believes that college education is one of the most important investments that any young person can make in the US. To look forward for their professional future. Or it used to be. This dogma has been repeated over and over by every single piece of mainstream media over the years. And by our grandparents, our parents and even the occasional meddling uncle. But it’s been some time since education stopped being a key to first hand well paid employment.

In this time there are a lot of professionals in every single field. Competing with multiples certifications and abilities trying to outdo their competence. And willing to work for less money than the guy next to him. Internet has brought awareness on this problem globally. Sites like Freelancer.com. and Upwork.com both social networks. offers the service of an infinite amount of credited professionals in the same place, according to Jason Spencer Dallas..

Despise this bubble reaching a breaking point in the US. The student loans keep rolling from the Federal government. Even as debtors are starting to pile up unable to make payments. Why is this happening?

The Problem is There But no One is Doing Anything About it.
Student debt is up to 1.3 billion dollars in this year alone at the hands of 42 million debtors. 4.2 million of them failed to make their payments in one way or another. This means that 1 in every 10 American college students took a loan that is unable to pay. Whose fault is this? Why a deeper background check is not made to applicants of these loans?

Lawmakers May Have a Hand in This Situation.
The average student debt is of 30.000 dollars. A 17% increment compared to last year numbers. The rise of these figures have a lot to do with nationwide decrease of local government contribution to Public Universities. This translates into higher costs for tuition. and the inability of payments to catch up to the yearly raising costs. Even at the accommodating interest rate of a Federal government loan.

The Bubble Keeps Growing.
The people unable to make student loan payments are usually those of low income. Or middle class that can’t find a place on traditional colleges. And look for the quick fix on for-profit colleges. The questionable standards of these institutions usually leave a collection of dropouts unable to continue studies anywhere. And stuck with a huge debt they can’t pay back. This contributes to the hardships of getting new credit or even a job. Since most companies will do deeper background checks on credit clients. Or to any potential employee.

Concessions are Made.
In the second term of Barack Obama. Measures where applied to help those students with heavy debt. But despise the fixed rates. and decreased monthly payments, many people still fell behind. The reality check is that most debtors work meager jobs to cover for their expenses. and they can barely make ends meet. The rise of companies that dealt with deferments. Like Jason Spencer’s Student Loan Relief . Was a good example of vultures taking pieces of a wounded animal. This brought awareness to a discussion that hasn’t faded to this day: the rise of the minimum wage.

The Plot thickens
In the present day. The Donald Trump administration has taken another set of measures that worsened the situation for people in debt. The actions taken by Barack Obama in 2015 to protect those affected by the Corinthian College Chain fiasco where dropped. And those people are now being pursued by debt collection companies again. This has caused a rift between local governments and The Federal Government. Leading to a high profile demand of 18 states to the Department of Education for dismissing the accusations of scam and fraud affecting over 215,000 people.

Reading this chronicle is discouraging to say the least. Facts prove that unless we have a million dollar idea in the back of out brain. Being able to make a living has nothing do with how hard we work. (since it’s implied we’ll have to do so). But rather with the chance of being able to survive the debt that comes with the education we need to carry on.

Jason Spencer Dallas believes that college education is one of the most important investments that any young person can make in the US. To look forward for their professional future. Or it used to be. This dogma has been repeated over and over by every single piece of mainstream media over the years. And by our grandparents, our parents and even the occasional meddling uncle. But it’s been some time since education stopped being a key to first hand well paid employment.

In this time there are a lot of professionals in every single field. Competing with multiples certifications and abilities trying to outdo their competence. And willing to work for less money than the guy next to him. Internet has brought awareness on this problem globally. Sites like Freelancer.com. and Upwork.com both social networks. offers the service of an infinite amount of credited professionals in the same place, according to Jason Spencer Dallas..

Despise this bubble reaching a breaking point in the US. The student loans keep rolling from the Federal government. Even as debtors are starting to pile up unable to make payments. Why is this happening?

The Problem is There But no One is Doing Anything About it.
Student debt is up to 1.3 billion dollars in this year alone at the hands of 42 million debtors. 4.2 million of them failed to make their payments in one way or another. This means that 1 in every 10 American college students took a loan that is unable to pay. Whose fault is this? Why a deeper background check is not made to applicants of these loans?

Lawmakers May Have a Hand in This Situation.
The average student debt is of 30.000 dollars. A 17% increment compared to last year numbers. The rise of these figures have a lot to do with nationwide decrease of local government contribution to Public Universities. This translates into higher costs for tuition. and the inability of payments to catch up to the yearly raising costs. Even at the accommodating interest rate of a Federal government loan.

The Bubble Keeps Growing.
The people unable to make student loan payments are usually those of low income. Or middle class that can’t find a place on traditional colleges. And look for the quick fix on for-profit colleges. The questionable standards of these institutions usually leave a collection of dropouts unable to continue studies anywhere. And stuck with a huge debt they can’t pay back. This contributes to the hardships of getting new credit or even a job. Since most companies will do deeper background checks on credit clients. Or to any potential employee.

Concessions are Made.
In the second term of Barack Obama. Measures where applied to help those students with heavy debt. But despise the fixed rates. and decreased monthly payments, many people still fell behind. The reality check is that most debtors work meager jobs to cover for their expenses. and they can barely make ends meet. The rise of companies that dealt with deferments. Like Jason Spencer’s Student Loan Relief . Was a good example of vultures taking pieces of a wounded animal. This brought awareness to a discussion that hasn’t faded to this day: the rise of the minimum wage.

The Plot thickens
In the present day. The Donald Trump administration has taken another set of measures that worsened the situation for people in debt. The actions taken by Barack Obama in 2015 to protect those affected by the Corinthian College Chain fiasco where dropped. And those people are now being pursued by debt collection companies again. This has caused a rift between local governments and The Federal Government. Leading to a high profile demand of 18 states to the Department of Education for dismissing the accusations of scam and fraud affecting over 215,000 people.

Reading this chronicle is discouraging to say the least. Facts prove that unless we have a million dollar idea in the back of out brain. Being able to make a living has nothing do with how hard we work. (since it’s implied we’ll have to do so). But rather with the chance of being able to survive the debt that comes with the education we need to carry on.

[caption id="attachment_432" align="alignnone" width="300"] Jason Spencer Student Loans DallasJason Spencer Student Loans Dallas[/caption]In 2016, the outgoing graduates had to pay $37,000 (average) as a student-loan debt. It made 2016 grades the most liable in the American History. But, two decades ago, where most of the students didn't take student-loan. At that time, some of the students did owe to pay $10,000 or less. Now, 70% of recent college students are borrowing fund for their higher educations.
You heard that students defaulted in millions on their loans. The irony is the students with low-incomes are the victims of this crisis. They were dreaming about better life after graduation, but staggering debts at their necks. This student-debt crisis is going to impact the economy. Why is it happening is the million-dollar question?
Here are the possible factors that lead to this fiasco by Jason Spencer student loan Relief

College Fees Vs. Inflation

The college cost is the simplest answer this crisis. Today it costs more than a few years back. The university's fees have increased nearly 230% by adjusting inflation since 1980. The college fees have increased even in Community colleges up to 164% since over past three decades.

The State Funding is a constant decrease for Higher Education.

The American states have been cutting the higher-education funding over the years. With the same rate, there will be no higher-education funding within the half-century. ACE (American Council on Higher Education) mentions this in their recent report. The student-loan burdens become more for public school students than private school.
In some colleges, out-of-state graduates have to pay three times higher than the resident students.

Luxury Spending On Administration

The university presidents are getting paid as well as reputed company CEO. It costs heavily on the college budgets. Moreover, they are not producing any desired results in academics.
The full-time professor in college is getting $428,000 a year. But, the public university president takes staggering four times higher than a professor. In some cases, they are taking over $1 million as a salary.
Spending on luxury dorms and the stadium also add to the budget costs. The expenditure on the competition between universities further adds fuel to these expenses. No one is practicing the cost-efficiency in any of the college campuses according to Jason Spencer Dallas.

Lack of knowledge on Student-Loan

For some less degree, students have to take the blame on themselves. The private lenders have 20% share of total federal loans that offer to undergraduates. The students don't understand that they have to pay more on lender's capital.
Another part of the burden comes from the online transaction. Students are ignoring or not aware the fine print details of underwritings. The universities have to educate about the student-loan lot better. Also, understaffed financial-aid officers and inadequate economic training are other reasons that add to this mess. A Recent study showed that only five financial officers are available for 4,000 students.

Lack of Proper Planning

There is no coordination between education department and universities. No one is interested in taking the blame for this debt crisis. They are interested in pointing fingers at each other.

Wages Not Raise In Year.

The stagnation of middle-class workers' salaries is one of the primary causes of Students-debt. Meanwhile, low-income wages fell considerably. So, education for workers' students becomes costlier. They pushed to borrow money to meet their deficit. Also, the lending process made easy by the government.
People don't understand that debt is not the solution. Only Income growth is answered. The generation of baby boomer not educated about financial sector defaults. They're not focusing on economic growth, and they love to borrow from lenders.
The tuition fees become higher due to easy access to loans. The Federal spending on education has grown 50-times since 1970. It gives free-hand to colleges to raise college fees.
However, this debt can be managed by qualified to refinance lenders. The Jason Spencer Dallas offers to refinance for the students-loan to pursue their dreams. The qualified financial staffs make sure that you know the foot print of underwritings.

​More than one-third of U.S. states on Thursday sued the U.S. Education Department and Secretary Betsy DeVos over the current suspension of guidelines that would have swiftly canceled the student-loan debt of folks defrauded by Corinthian Colleges Inc and other for-profit schools.Last month DeVos pressed pause on the guidelines, due to take the impact on July 1, saying they necessary to be reset.Massachusetts, 17 other states and the District of Columbia said in a filing in U.S. District Court in Washington, D.C. the department broke federal law in announcing the delay with limited public notice and chance to comment.DeVos, a Republican, has said accelerating the debt cancellation approach would put taxpayers on the hook for important fees, and a delay is needed while current litigation in California over the rules functions by way of the legal technique.“With this ideologically driven suit, the state attorneys general are saying to regulate initial, and ask the legal queries later,” stated Education Department Press Secretary Liz Hill in a statement, adding the guidelines had been adopted “via a heavily politicized process.”Customer groups Public Citizen and Project on Predatory Student Lending sued on Thursday to lift the delay as well.The rules have been finalized in the last days of the administration of President Barack Obama, a Democrat who overhauled federal student lending.Following Corinthian, a for-profit chain collapsed in 2015 amid government investigations into its post-graduation employment rates, the administration began drafting rules to support students caught with outstanding loans they had taken out for Corinthian tuition.Wanting to preserve students from acquiring loans they could not repay, Obama particularly targeted for-profit, profession colleges that guarantee students they will find jobs right after graduating and can charge high tuition.The attorneys basic for California, Connecticut, Delaware, Hawaii, Illinois, Iowa, Maryland, Minnesota, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington, all Democrats, also signed onto Thursday’s lawsuit.They said the department and DeVos had been making use of the pending litigation as “a mere pretext” to repeal the rules and replace them with a single that “will remove or dilute student rights and protections.”The $1.4 trillion student-loan market became a hot-button problem in last year’s presidential campaign. Democrats sought to preserve Obama’s reforms, although Republicans such as then-candidate for President Donald Trump mentioned the government ought to “get out of the business” of student lending.

How to Pause Your Student Loan Payments | Student Loan Forbearance's & Deferment's | Jason Spencer Dallas
According to Jason Spencer Dallas, Students are burdened with student loan debt like never before. Americans owe over $1.4 trillion in student loan debt and the average graduate walks away with $37,172 in debt. Keeping up with your payments can be difficult, especially if you’re facing hardships like unemployment or a medical emergency.

If you’re in a tough spot, you have options you can use so you don’t default on your loans. If you have federal student loans, you can use deferment or forbearance to get through a rough patch. While using either option is not ideal, they can be a tool to help you get back on your feet according to Jason Spencer Dallas.

Student loan defermentsStudent loan deferment is a federal repayment option that allows you to pause your student loan payments for up to three years. Depending on the type of loan you have, you may not be responsible for interest charges that accrue on your loan.
ProsIf you defer your student loans, you can stop making payments without entering default or damage your credit. That can free up money in your budget to pay for other demands, such as medical bills or rent. Having that breathing room can allow you to focus on getting your finances back on track.

If you have subsidized student loans, the government will pay interest that accrues while your debt is in deferment.

ConsIf your loans are unsubsidized, the government won’t cover the interest that accrues on your debt. That means your loan balance can grow while you’re in deferment and you can end up paying back thousands more in interest once deferment is over.
How to apply for student loan deferment. To be eligible for student loan deferment, you must meet one of the following criteria:

You are enrolled at least half-time at a qualifying university.

You are unemployed or unable to find a full-time job.

You are experiencing an economic hardship or serving in the Peace Corps.

If you don’t qualify for student loan deferment for whatever reason, you might still be able to pause monthly payments through student loan forbearance.

Student loan forbearance's like student loan deferments can postpone student loan payments or lower monthly payments via forbearance. If you qualify for forbearance, you can stop making payments for up to 12 months.

There are two types of forbearance: mandatory and discretionary.

With mandatory forbearance, the government requires loan servicers to grant you a forbearance if you meet one of the following criteria:

You are serving in a medical or dental residency program.

The monthly payment on your loans is 20 percent or more of your gross income.

Under discretionary forbearance, your loan servicer decides whether or not you qualify. You may be eligible if have financial difficulties, medical expenses, or other acceptable cause.

Pros:
If you’re facing a short-term emergency, such as a job loss, forbearance can give you much-needed relief while you get back on track. By getting your payments reduced or eliminated for a short time, you can get your finances in order without falling behind on your loans.

Cons:
Forbearance can be a useful option if you’re facing money problems, but there are some consequences to consider. Interest continues to accrue on your loans when you’re in forbearance and you’re responsible for paying that back, regardless of your loan type. That can add to the cost of your loans and make it harder to become debt-free.
However, forbearance is still a smarter option than not making payments and risking student loan default.

Before applying for deferment or forbearance
When you apply for deferment or forbearance, remember that you must keep making student loan payments until your loan servicer notifies you that they’ve accepted your request. Otherwise, you could become delinquent on your loans.

Even though deferment or forbearance can extend your repayment term and cause interest charges to build up, either option is preferable to entering into default. These two programs can provide much-needed relief if you’re facing a financial emergency.

​More than one-third of U.S. states on Thursday sued the U.S. Education Department and Secretary Betsy DeVos over the current suspension of guidelines that would have swiftly canceled the student-loan debt of folks defrauded by Corinthian Colleges Inc and other for-profit schools.Last month DeVos pressed pause on the guidelines, due to take the impact on July 1, saying they necessary to be reset.Massachusetts, 17 other states and the District of Columbia said in a filing in U.S. District Court in Washington, D.C. the department broke federal law in announcing the delay with limited public notice and chance to comment.DeVos, a Republican, has said accelerating the debt cancellation approach would put taxpayers on the hook for important fees, and a delay is needed while current litigation in California over the rules functions by way of the legal technique.“With this ideologically driven suit, the state attorneys general are saying to regulate initial, and ask the legal queries later,” stated Education Department Press Secretary Liz Hill in a statement, adding the guidelines had been adopted “via a heavily politicized process.”Customer groups Public Citizen and Project on Predatory Student Lending sued on Thursday to lift the delay as well.The rules have been finalized in the last days of the administration of President Barack Obama, a Democrat who overhauled federal student lending.Following Corinthian, a for-profit chain collapsed in 2015 amid government investigations into its post-graduation employment rates, the administration began drafting rules to support students caught with outstanding loans they had taken out for Corinthian tuition.Wanting to preserve students from acquiring loans they could not repay, Obama particularly targeted for-profit, profession colleges that guarantee students they will find jobs right after graduating and can charge high tuition.The attorneys basic for California, Connecticut, Delaware, Hawaii, Illinois, Iowa, Maryland, Minnesota, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington, all Democrats, also signed onto Thursday’s lawsuit.They said the department and DeVos had been making use of the pending litigation as “a mere pretext” to repeal the rules and replace them with a single that “will remove or dilute student rights and protections.”The $1.4 trillion student-loan market became a hot-button problem in last year’s presidential campaign. Democrats sought to preserve Obama’s reforms, although Republicans such as then-candidate for President Donald Trump mentioned the government ought to “get out of the business” of student lending.

More than one-third of U.S. states on Thursday sued the U.S. Education Department and Secretary Betsy DeVos over the current suspension of guidelines that would have swiftly canceled the student-loan debt of folks defrauded by Corinthian Colleges Inc and other for-profit schools.Last month DeVos pressed pause on the guidelines, due to take the impact on July 1, saying they necessary to be reset.Massachusetts, 17 other states and the District of Columbia said in a filing in U.S. District Court in Washington, D.C. the department broke federal law in announcing the delay with limited public notice and chance to comment.DeVos, a Republican, has said accelerating the debt cancellation approach would put taxpayers on the hook for important fees, and a delay is needed while current litigation in California over the rules functions by way of the legal technique.“With this ideologically driven suit, the state attorneys general are saying to regulate initial, and ask the legal queries later,” stated Education Department Press Secretary Liz Hill in a statement, adding the guidelines had been adopted “via a heavily politicized process.”Customer groups Public Citizen and Project on Predatory Student Lending sued on Thursday to lift the delay as well.The rules have been finalized in the last days of the administration of President Barack Obama, a Democrat who overhauled federal student lending.Following Corinthian, a for-profit chain collapsed in 2015 amid government investigations into its post-graduation employment rates, the administration began drafting rules to support students caught with outstanding loans they had taken out for Corinthian tuition.Wanting to preserve students from acquiring loans they could not repay, Obama particularly targeted for-profit, profession colleges that guarantee students they will find jobs right after graduating and can charge high tuition.The attorneys basic for California, Connecticut, Delaware, Hawaii, Illinois, Iowa, Maryland, Minnesota, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington, all Democrats, also signed onto Thursday’s lawsuit.They said the department and DeVos had been making use of the pending litigation as “a mere pretext” to repeal the rules and replace them with a single that “will remove or dilute student rights and protections.”The $1.4 trillion student-loan market became a hot-button problem in last year’s presidential campaign. Democrats sought to preserve Obama’s reforms, although Republicans such as then-candidate for President Donald Trump mentioned the government ought to “get out of the business” of student lending.Jason Spencer Dallas

How to Pause Your Student Loan Payments | Student Loan Forbearance's & Deferment's | Jason Spencer Dallas
According to Jason Spencer Dallas, Students are burdened with student loan debt like never before. Americans owe over $1.4 trillion in student loan debt and the average graduate walks away with $37,172 in debt. Keeping up with your payments can be difficult, especially if you’re facing hardships like unemployment or a medical emergency.

If you’re in a tough spot, you have options you can use so you don’t default on your loans. If you have federal student loans, you can use deferment or forbearance to get through a rough patch. While using either option is not ideal, they can be a tool to help you get back on your feet according to Jason Spencer Dallas.

Student loan defermentsStudent loan deferment is a federal repayment option that allows you to pause your student loan payments for up to three years. Depending on the type of loan you have, you may not be responsible for interest charges that accrue on your loan.
ProsIf you defer your student loans, you can stop making payments without entering default or damage your credit. That can free up money in your budget to pay for other demands, such as medical bills or rent. Having that breathing room can allow you to focus on getting your finances back on track.

If you have subsidized student loans, the government will pay interest that accrues while your debt is in deferment.

ConsIf your loans are unsubsidized, the government won’t cover the interest that accrues on your debt. That means your loan balance can grow while you’re in deferment and you can end up paying back thousands more in interest once deferment is over.
How to apply for student loan deferment. To be eligible for student loan deferment, you must meet one of the following criteria:

You are enrolled at least half-time at a qualifying university.

You are unemployed or unable to find a full-time job.

You are experiencing an economic hardship or serving in the Peace Corps.

If you don’t qualify for student loan deferment for whatever reason, you might still be able to pause monthly payments through student loan forbearance.

Student loan forbearance's like student loan deferments can postpone student loan payments or lower monthly payments via forbearance. If you qualify for forbearance, you can stop making payments for up to 12 months.

There are two types of forbearance: mandatory and discretionary.

With mandatory forbearance, the government requires loan servicers to grant you a forbearance if you meet one of the following criteria:

You are serving in a medical or dental residency program.

The monthly payment on your loans is 20 percent or more of your gross income.

Under discretionary forbearance, your loan servicer decides whether or not you qualify. You may be eligible if have financial difficulties, medical expenses, or other acceptable cause.

Pros:
If you’re facing a short-term emergency, such as a job loss, forbearance can give you much-needed relief while you get back on track. By getting your payments reduced or eliminated for a short time, you can get your finances in order without falling behind on your loans.

Cons:
Forbearance can be a useful option if you’re facing money problems, but there are some consequences to consider. Interest continues to accrue on your loans when you’re in forbearance and you’re responsible for paying that back, regardless of your loan type. That can add to the cost of your loans and make it harder to become debt-free.
However, forbearance is still a smarter option than not making payments and risking student loan default.

Before applying for deferment or forbearance
When you apply for deferment or forbearance, remember that you must keep making student loan payments until your loan servicer notifies you that they’ve accepted your request. Otherwise, you could become delinquent on your loans.

Even though deferment or forbearance can extend your repayment term and cause interest charges to build up, either option is preferable to entering into default. These two programs can provide much-needed relief if you’re facing a financial emergency.

How to Pause Your Student Loan Payments | Student Loan Forbearance's & Deferment's | Jason Spencer DallasAccording to Jason Spencer Dallas, Students are burdened with student loan debt like never before. Americans owe over $1.4 trillion in student loan debt and the average graduate walks away with $37,172 in debt. Keeping up with your payments can be difficult, especially if you’re facing hardships like unemployment or a medical emergency.If you’re in a tough spot, you have options you can use so you don’t default on your loans. If you have federal student loans, you can use deferment or forbearance to get through a rough patch. While using either option is not ideal, they can be a tool to help you get back on your feet according to Jason Spencer Dallas.Student loan defermentsStudent loan deferment is a federal repayment option that allows you to pause your student loan payments for up to three years. Depending on the type of loan you have, you may not be responsible for interest charges that accrue on your loan.ProsIf you defer your student loans, you can stop making payments without entering default or damage your credit. That can free up money in your budget to pay for other demands, such as medical bills or rent. Having that breathing room can allow you to focus on getting your finances back on track.If you have subsidized student loans, the government will pay interest that accrues while your debt is in deferment.Jason Spencer Student Loan CBS Local NewsBBB Better Business Bureau Dallas BBB DFWConsIf your loans are unsubsidized, the government won’t cover the interest that accrues on your debt. That means your loan balance can grow while you’re in deferment and you can end up paying back thousands more in interest once deferment is over.How to apply for student loan deferment. To be eligible for student loan deferment, you must meet one of the following criteria:

You are enrolled at least half-time at a qualifying university.

You are unemployed or unable to find a full-time job.

You are experiencing an economic hardship or serving in the Peace Corps.

You are on active duty military service.

Deferments are not automaticTo request a deferment, you must complete an Unemployment Deferment Form, In-School Deferment Form, or Economic Hardship Form. You should send the appropriate form and documentation showing you meet the eligibility requirements to your loan servicer for their review.If you don’t qualify for student loan deferment for whatever reason, you might still be able to pause monthly payments through student loan forbearance.Student loan forbearance's like student loan deferments can postpone student loan payments or lower monthly payments via forbearance. If you qualify for forbearance, you can stop making payments for up to 12 months.There are two types of forbearance: mandatory and discretionaryWith mandatory forbearance, the government requires loan servicers to grant you a forbearance if you meet one of the following criteria:

You are serving in a medical or dental residency program.

The monthly payment on your loans is 20 percent or more of your gross income.

Under discretionary forbearance, your loan servicer decides whether or not you qualify. You may be eligible if have financial difficulties, medical expenses, or other acceptable cause.Pros:If you’re facing a short-term emergency, such as a job loss, forbearance can give you much-needed relief while you get back on track. By getting your payments reduced or eliminated for a short time, you can get your finances in order without falling behind on your loans.Cons:Forbearance can be a useful option if you’re facing money problems, but there are some consequences to consider. Interest continues to accrue on your loans when you’re in forbearance and you’re responsible for paying that back, regardless of your loan type. That can add to the cost of your loans and make it harder to become debt-free.However, forbearance is still a smarter option than not making payments and risking student loan default.If you’re applying for a discretionary forbearance, you must complete the General Forbearance Request Form and submit it to your lender.For mandatory forbearance applications, you need to complete the form that matches your situation, such as the Student Loan Debt Burden Forbearance Form, Medical/Dental Residency Form, or AmeriCorps Service Form. Send the form with documentation to back up your claim to your loan servicer.Before applying for deferment or forbearanceWhen you apply for deferment or forbearance, remember that you must keep making student loan payments until your loan servicer notifies you that they’ve accepted your request. Otherwise, you could become delinquent on your loans.Even though deferment or forbearance can extend your repayment term and cause interest charges to build up, either option is preferable to entering into default. These two programs can provide much-needed relief if you’re facing a financial emergency.For more information about federal loan repayment options, learn how to lower your payments with income-driven repayment plans.Jason Spencer DallasJason SpencerDFW CBS Local NewsBBB Better Business Bureau

​How to Pause Your Student Loan Payments | Student Loan Forbearance's & Deferment's | Jason Spencer DallasJason Spencer Student Loan CBS Local NewsBBB Better Business Bureau Dallas BBB DFW
[caption id="attachment_561" align="alignnone" width="300"] Jason-Spencer-Dallas-Texas-Student-Loan-Relief[/caption]According to Jason Spencer Dallas, Students are burdened with student loan debt like never before. Americans owe over $1.4 trillion in student loan debt and the average graduate walks away with $37,172 in debt. Keeping up with your payments can be difficult, especially if you’re facing hardships like unemployment or a medical emergency.
If you’re in a tough spot, you have options you can use so you don’t default on your loans. If you have federal student loans, you can use deferment or forbearance to get through a rough patch. While using either option is not ideal, they can be a tool to help you get back on your feet according to Jason Spencer Dallas.
Student loan defermentStudent loan deferment is a federal repayment option that allows you to pause your student loan payments for up to three years. Depending on the type of loan you have, you may not be responsible for interest charges that accrue on your loan.
ProsIf you defer your student loans, you can stop making payments without entering default or damage your credit. That can free up money in your budget to pay for other demands, such as medical bills or rent. Having that breathing room can allow you to focus on getting your finances back on track.
If you have subsidized student loans, the government will pay interest that accrues while your debt is in deferment.
ConsIf your loans are unsubsidized, the government won’t cover the interest that accrues on your debt. That means your loan balance can grow while you’re in deferment and you can end up paying back thousands more in interest once deferment is over.
How to apply for student loan defermentTo be eligible for student loan deferment, you must meet one of the following criteria:

You are enrolled at least half-time at a qualifying university.

You are unemployed or unable to find a full-time job.

You are experiencing an economic hardship or serving in the Peace Corps.

You are on active duty military service.

Deferments are not automatic. To request a deferment, you must complete an Unemployment Deferment Form, In-School Deferment Form, or Economic Hardship Form. You should send the appropriate form and documentation showing you meet the eligibility requirements to your loan servicer for their review.
If you don’t qualify for student loan deferment for whatever reason, you might still be able to pause monthly payments through student loan forbearance.
Student loan forbearanceLike student loan deferment, you can postpone student loan payments or lower monthly payments via forbearance. If you qualify for forbearance, you can stop making payments for up to 12 months.
There are two types of forbearance: mandatory and discretionary.
With mandatory forbearance, the government requires loan servicers to grant you a forbearance if you meet one of the following criteria:

You are serving in a medical or dental residency program.

The monthly payment on your loans is 20 percent or more of your gross income.

Under discretionary forbearance, your loan servicer decides whether or not you qualify. You may be eligible if have financial difficulties, medical expenses, or other acceptable cause.
ProsIf you’re facing a short-term emergency, such as a job loss, forbearance can give you much-needed relief while you get back on track. By getting your payments reduced or eliminated for a short time, you can get your finances in order without falling behind on your loans.
ConsForbearance can be a useful option if you’re facing money problems, but there are some consequences to consider. Interest continues to accrue on your loans when you’re in forbearance and you’re responsible for paying that back, regardless of your loan type. That can add to the cost of your loans and make it harder to become debt-free.
However, forbearance is still a smarter option than not making payments and risking student loan default.
How to apply for forbearanceIf you’re applying for a discretionary forbearance, you must complete the General Forbearance Request Form and submit it to your lender.
For mandatory forbearance applications, you need to complete the form that matches your situation, such as the Student Loan Debt Burden Forbearance Form, Medical/Dental Residency Form, or AmeriCorps Service Form. Send the form with documentation to back up your claim to your loan servicer.
Before applying for deferment or forbearanceWhen you apply for deferment or forbearance, remember that you must keep making student loan payments until your loan servicer notifies you that they’ve accepted your request. Otherwise, you could become delinquent on your loans.
Even though deferment or forbearance can extend your repayment term and cause interest charges to build up, either option is preferable to entering into default. These two programs can provide much-needed relief if you’re facing a financial emergency.
For more information about federal loan repayment options, learn how to lower your payments with income-driven repayment plans.Jason Spencer DallasJason SpencerDFW CBS Local NewsBBB Better Business Bureau

According to Jason Spencer Dallas, Students are burdened with student loan debt like never before. Americans owe over $1.4 trillion in student loan debt and the average graduate walks away with $37,172 in debt. Keeping up with your payments can be difficult, especially if you’re facing hardships like unemployment or a medical emergency.

If you’re in a tough spot, you have options you can use so you don’t default on your loans. If you have federal student loans, you can use deferment or forbearance to get through a rough patch. While using either option is not ideal, they can be a tool to help you get back on your feet according to Jason Spencer Dallas.

Student loan deferment

Student loan deferment is a federal repayment option that allows you to pause your student loan payments for up to three years. Depending on the type of loan you have, you may not be responsible for interest charges that accrue on your loan.

Pros

If you defer your student loans, you can stop making payments without entering default or damage your credit. That can free up money in your budget to pay for other demands, such as medical bills or rent. Having that breathing room can allow you to focus on getting your finances back on track.

If you have subsidized student loans, the government will pay interest that accrues while your debt is in deferment.

Cons

If your loans are unsubsidized, the government won’t cover the interest that accrues on your debt. That means your loan balance can grow while you’re in deferment and you can end up paying back thousands more in interest once deferment is over.

How to apply for student loan deferment

To be eligible for student loan deferment, you must meet one of the following criteria:

You are enrolled at least half-time at a qualifying university.

You are unemployed or unable to find a full-time job.

You are experiencing an economic hardship or serving in the Peace Corps.

Under discretionary forbearance, your loan servicer decides whether or not you qualify. You may be eligible if have financial difficulties, medical expenses, or other acceptable cause.

Pros

If you’re facing a short-term emergency, such as a job loss, forbearance can give you much-needed relief while you get back on track. By getting your payments reduced or eliminated for a short time, you can get your finances in order without falling behind on your loans.

Cons

Forbearance can be a useful option if you’re facing money problems, but there are some consequences to consider. Interest continues to accrue on your loans when you’re in forbearance and you’re responsible for paying that back, regardless of your loan type. That can add to the cost of your loans and make it harder to become debt-free.

However, forbearance is still a smarter option than not making payments and risking student loan default.

Before applying for deferment or forbearance

When you apply for deferment or forbearance, remember that you must keep making student loan payments until your loan servicer notifies you that they’ve accepted your request. Otherwise, you could become delinquent on your loans.

Even though deferment or forbearance can extend your repayment term and cause interest charges to build up, either option is preferable to entering into default. These two programs can provide much-needed relief if you’re facing a financial emergency.

The National Association of Student Financial Aid Administrators offers on-line tip sheets to assist distinctive student populations apply for monetary help by Jason Spencer Dallas To ease the economic aid application method for students with distinctive circumstances and backgrounds, the National Association of Student Economic Help Administrators (NASFAA) recently published tip sheets. The on the web tip sheets, which are open to the public, offer answers to frequent eligibility concerns that are [ ] The post RESOURCE HELPS NONTRADITIONAL STUDENTS NAVIGATE FINANCIAL AID PROCESS by Jason Spencer Dallas appeared first on Jason Spencer Dallas | Fed Student Loan Relief.http://bit.ly/2v6XwbI

Master to spending plan, beat financial debt, & establish a legacy. Go to the on the net store these days: Subscribe to continue to be up to date with the most recent videos: Welcome to The Dave Ramsey Display like you ve got hardly ever viewed it before. The exhibit dwell streams on YouTube M-F 2-5pm ET! Enjoy Dave dwell in studio each day and see behind-the-scenes action from Dave s producers. [ ] The post How Do I Pay Off $182k In Student Loans? Jason Spencer Dallas Texas appeared first on Jason Spencer Dallas | Fed Student Loan Relief.http://bit.ly/2v0oiCg

Student Loan Relief, founded by Jason Spencer Dallas Texas, offers an affordable way to make your Federal Student Loan debt easier to manage. Our Alumni Financial Aid Advisors work with you to identify the best combination of Federal, State, and/or Local programs for which you qualify.http://bit.ly/2v8OrLe